Tether, the issuer of the world’s largest stablecoin, has its own vault in Switzerland to hold an $8 billion stockpile of gold, with an eye to growing those stores.
The El Salvador-based crypto company now holds nearly 80 tons of gold, it said. The vast majority of that is owned by Tether directly, making it one of the largest gold holders in the world outside of banks and nation states. The private vault is based in Switzerland and is fully owned by the company. The exact location hasn’t been disclosed. Chief Executive Paolo Ardoino told Bloomberg that this decision was about ownership, scale, and cost. The company is based in El Salvador and is best known as the issuer of USDT, the world’s largest stablecoin. Tether now holds $159 billion worth of tokens in circulation, which are backed by various reserves, including US Treasuries and precious metals. Paolo made it clear that the move to physical gold storage is strategic and intended to reduce long-term costs. “If you have your own vault, eventually, with the size, it gets much cheaper to do custody,” he said. As of March 2025, Tether’s own reports show that nearly 5% of its total reserves are now held in precious metals, with the vast majority being gold. With the value of its bullion holdings now on par with UBS Group AG, one of the few major banks that discloses its precious metal reserves, Tether is pushing into a category usually reserved for nation states and central banks. Source: Binance, Bloomberg
$4 trillion dollar baby !!!
Nvidia $NVDA shares jumped more than 2% on Wednesday and topped a $4 trillion market cap for the first time ever. The chipmaker is the first company to achieve this milestone and has benefitted from the generative AI boom.
The US is willing to impose lower tariffs on the UK than the EU primarily due to strategic, economic, and political factors:
Bilateral Leverage and Trade Balance: The UK, as a single nation, has less negotiating power than the EU, a bloc of 27 countries with a larger collective market. The US can secure concessions more easily from the UK. Additionally, the US runs a trade surplus with the UK (e.g., $25.9 billion in goods in 2024), while it has a significant trade deficit with the EU (e.g., $209 billion in 2024). Lower UK tariffs align with maintaining favorable trade dynamics, while higher EU tariffs aim to address the deficit. Post-Brexit Alignment: Since Brexit, the UK has sought closer ties with the US to offset its reduced EU market access. The US leverages this to secure a favorable deal, offering exemptions (e.g., auto, aerospace) and lower tariffs (e.g., 10% baseline vs. EU’s potential 20-50%). The UK’s flexibility, unbound by EU regulations, allows quicker agreement on US priorities like digital trade and agriculture. Geopolitical Strategy: The US views the UK as a key ally in countering EU influence and promoting a US-led trade framework. Lower tariffs strengthen the US-UK “special relationship,” especially in defense and intelligence (e.g., AUKUS), while higher EU tariffs pressure the EU to concede on issues like steel and digital services taxes. Source: SuperGrok
The UAE is tokenizing almost all of its real estate.
Dubai Land Department has signed an agreement with Crypto.com to develop procedures that support digital real estate transactions, enabling investors to buy and sell property using digital currencies. The collaboration, which seeks to create a digital ecosystem that enables investor verification, custody, settlement and real estate tokenisation, supports the Dubai Real Estate Strategy 2033 and its Dh1 trillion ($272 billion) transaction target. Source: The National
BofA argues that CHF is now behaving more like gold:
A liquid, neutral hedge against long-term fiscal uncertainty in a world that doesn't have many G10 alternatives, not short-term market stress. Source: Patrick Saner
Fintech stock $SOFI sofi technlogies JUST HIT $20 AFTER ANNOUNCING RETAIL ACCESS TO PRIVATE MARKETS
New funds now offer exposure to OpenAI, SpaceX & Epic Games -- starting at just $10. SoFi Technologies SOFI +is expanding access to private markets, an asset class once reserved for institutional investors and high-net-worth individuals. Following this news, SOFI stock surged about 5% shortly after the market opened on Tuesday and hit a new 52-week high of $20.89. Through new partnerships with asset management firms such as Cashmere, Fundrise, and Liberty Street Advisors, SoFi is allowing its members to invest in high-growth private companies like OpenAI, SpaceX, and Epic Games with a minimum of $10. SOFI is Breaking Down Barriers Private markets have often delivered strong returns but were inaccessible to retail investors. By lowering the entry point and simplifying the process, SoFi is making it easier and more affordable for retail investors to enter this market. This move is part of SoFi’s efforts to expand its alternative investment offerings. It recently added new funds from big names such as ARK, KKR, Carlyle CG and Franklin Templeton BEN , giving users access to private credit, real estate, and pre-IPO companies. Source: Tipranks.com, Bloomberg AI
Global Statistics @Globalstats11
Top 10 Largest Car Producing Countries in 2024 1. China - 31,281,592 2. United States - 10,562,188 3. Japan - 8,234,681 4. India - 6,014,691 5. Mexico - 4,202,642 6. South Korea - 4,127,252 7. Germany - 4,069,222 8. Brazil - 2,549,595 9. Spain - 2,376,504 10. Thailand - 1,468,997 Source: International Organization of Motor Vehicle Manufacturer
Carvana has pulled off one of the greatest comebacks in stock market history.
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company offers vehicle acquisition, inspection and reconditioning, online search and shopping experience, financing, complementary products, logistics network and distinctive fulfillment experience, and post-sale customer support. Comment by Next100 baggers on X: "The stock had to rally 9,900 % just to crawl out of a 99 % draw-down, so even at $345 it’s still below the 2021 peak. The turnaround is real, SG&A per unit has fallen from roughly $4.7 k to $2.2 k, gross profit per unit has doubled to about $6.4 k, and the $5.7 B debt deal pushed maturities out to 2030 but fundamentals now carry a premium price tag. At $345 the market cap is roughly $75 B and enterprise value about $50 B, versus Street FY25 EBITDA estimates near $2.1 B, which puts you in the mid 20s EV/EBITDA range while retail unit volume is still shrinking. Fantastic comeback trade, much tougher fresh entry". Source: Brew markets
